“We are incredibly honored to be recognized by the retail community at RILA,” said Guy Yehiav, CEO of Profitect. “To be selected as the Retailers’ Choice for the third consecutive year is a phenomenal validation not just from our customers, but from the vast retail community that attended the conference and is aware of our brand and the value we deliver. These two awards mean a lot to Profitect and our employees because they represent our core values: innovation, customer service, and success.”

The (R)Tech Innovation Awards showcase advancements in technology and recognize the visionary companies developing these solutions. Profitect’s submission included the following machine learning capabilities:

Hidden Demand – calculates potential revenue value as if enough inventory were on shelf and available for consumption

“This year’s Award winners embody the spirit of innovation that is alive and well in the retail industry,” said Lisa LaBruno, RILA’s Senior Vice President of Retail Operations. “Retailers are constantly looking for new and innovative solutions to the asset protection challenges they face every day, and the companies recognized today are developing those very solutions.”

About Retail Industry Leaders Association (RILA)
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers.